Key Indices 31-Jul-12 30-Jun-12 % Change Nifty 5229.00 5278.90 -0.95% Sensex 17236.18 17429.98 -1.11% BSE 100 5229.16 5279.22 -0.95% Dow Jones 13008.68 12880.09 1.00% Nikkei 8695.06 9006.78 -3.46% Hang Seng 19796.81 19441.46 1.83% Nasdaq 2939.52 2935.05 0.15% KOSPI 1881.99 1854.01 1.51% Corporate earnings took centre-stage in this month with many of the big names reporting Q1 results in July. Except for a few names, most of the results were as per expectations with a few positive surprises from large cap names which gave strong support to the otherwise lackluster market. Equity market sentiments strengthened when the PM, in order to revitalize the economy, called for a multi-point agenda focusing on (1) fiscal consolidation, (2) pushing through long-pending legislations, (3) clarity on tax matters, (4) clearing the backlog of foreign investment proposals, (5) boosting infrastructure and (6) reviving domestic mutual fund and insurance industries. We remain positive on equities as market sentiments have improved. The Sensex has been range bound a few months as there have been no positive triggers. It currently trades at a P/E of 13.5x one year forward earnings. As valuations are quite attractive for long term investors, any credible policy action from the government could result in an upward breakout from this range. In the short to medium term the market would also take cues from the trajectory of monsoon and unfolding global events. The macro situation remained uncertain and did not bring much cheer to the market. May Index of Industrial Production (IIP) came in at 2.4%, marginally higher than consensus expectations. Capital Goods growth contracted 8%, while Consumer Goods was up. The core inflation data for June came in at 5% compared to May. RBI, as widely expected, left policy rates unchanged. RBI indicated that it was looking for some concrete action from the centre on the fiscal front. RBI brought down its FY13 estimates for GDP growth to 6.5% from 7.3%. The weather bureau also confirmed that the monsoon could be below normal this year due to late impact of El Nino effect. Equity Market Outlook After a strong show in June, Indian equities consolidated gains in July. Global risk-off sentiments and issues of domestic policy inaction kept markets wary. Global sentiments, which had turned favorable post the EU summit, turned negative on concerns of another Spanish bailout. The IMF downgraded its 2012 and 2013 growth projections marginally to 3.5% and 3.9% respectively with India getting downgraded the most amongst emerging market economies. The IMF growth projections for 2012 and 2013 are 6.1% and 6.5% respectively. With the Presidential elections out of the way, there were heightened expectations on the policy front. The market had been expecting a diesel price hike that would pave the way ahead for fiscal consolidation but such an announcement failed to come through in July, disappointing investors. July saw a Cabinet reshuffle finally come through with Chidambaram being named as the new Finance Minister. Parliament is scheduled to commence its monsoon session on the 8th August 2012 and among the key issues expected to be legislated are allowing FDI in multi-brand retail and Aviation. FIIs once again stepped up their investments in Indian equities on hopes of positive policy changes. FIIs were the net buyers of $1.8bn in July taking their YTD buying to $11bn. DIIs on the other hand, turned net sellers once again pruning their investments by $958mn in July. YTD, they have now sold $4.7bn worth of equity. (2500) (1500) (500) 500 1500 2500 3500 4500 5500 June 11 July 11 Aug 11 Sept 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 In US $ MN FII MF 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Rs v/s USD 4000 4500 5000 5500 6000 14000 16000 18000 20000 22000 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Sensex Nifty
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Key Indices 31-Jul-12 30-Jun-12 % Change
Nifty 5229.00 5278.90 -0.95%
Sensex 17236.18 17429.98 -1.11%
BSE 100 5229.16 5279.22 -0.95%
Dow Jones 13008.68 12880.09 1.00%
Nikkei 8695.06 9006.78 -3.46%
Hang Seng 19796.81 19441.46 1.83%
Nasdaq 2939.52 2935.05 0.15%
KOSPI 1881.99 1854.01 1.51%
Corporate earnings took centre-stage in this month with many of the big names reporting Q1 results in July. Except for a fewnames, most of the results were as per expectations with a few positive surprises from large cap names which gave strongsupport to the otherwise lackluster market. Equity market sentiments strengthened when the PM, in order to revitalize theeconomy, called for a multi-point agenda focusing on (1) fiscal consolidation, (2) pushing through long-pending legislations, (3)clarity on tax matters, (4) clearing the backlog of foreign investment proposals, (5) boosting infrastructure and (6) revivingdomestic mutual fund and insurance industries. We remain positive on equities as market sentiments have improved. TheSensex has been range bound a few months as there have been no positive triggers. It currently trades at a P/E of 13.5x oneyear forward earnings. As valuations are quite attractive for long term investors, any credible policy action from the governmentcould result in an upward breakout from this range. In the short to medium term the market would also take cues from thetrajectory of monsoon and unfolding global events.
The macro situation remained uncertain and did not bring much cheer to the market. May Index of Industrial Production (IIP)came in at 2.4%, marginally higher than consensus expectations. Capital Goods growth contracted 8%, while Consumer Goodswas up. The core inflation data for June came in at 5% compared to May. RBI, as widely expected, left policy rates unchanged.RBI indicated that it was looking for some concrete action from the centre on the fiscal front. RBI brought down its FY13estimates for GDP growth to 6.5% from 7.3%. The weather bureau also confirmed that the monsoon could be below normal thisyear due to late impact of El Nino effect.
Equity Market Outlook
After a strong show in June, Indian equities consolidated gains in July. Global risk-off sentiments and issues of domestic policyinaction kept markets wary. Global sentiments, which had turned favorable post the EU summit, turned negative on concerns ofanother Spanish bailout. The IMF downgraded its 2012 and 2013 growth projections marginally to 3.5% and 3.9% respectivelywith India getting downgraded the most amongst emerging market economies. The IMF growth projections for 2012 and 2013 are6.1% and 6.5% respectively. With the Presidential elections out of the way, there were heightened expectations on the policyfront. The market had been expecting a diesel price hike that would pave the way ahead for fiscal consolidation but such anannouncement failed to come through in July, disappointing investors. July saw a Cabinet reshuffle finally come through withChidambaram being named as the new Finance Minister. Parliament is scheduled to commence its monsoon session on the 8thAugust 2012 and among the key issues expected to be legislated are allowing FDI in multi-brand retail and Aviation. FIIs onceagain stepped up their investments in Indian equities on hopes of positive policy changes. FIIs were the net buyers of $1.8bn inJuly taking their YTD buying to $11bn. DIIs on the other hand, turned net sellers once again pruning their investments by $958mnin July. YTD, they have now sold $4.7bn worth of equity.
(2500)
(1500)
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Ju
ne 1
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S $
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FII MF
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Rs v/s USD
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Sensex Nifty
Key Indices 31-Jul-12 30-Jun-12 % Change
10 year G-Sec 8.25% 8.18% 0.86%
5 Year G-Sec 8.19% 8.18% 0.12%
91 Day T Bill 8.18% 8.27% -1.14%
364 day T-Bill 8.00% 8.06% -0.74%
MIBOR 8.88% 9.30% -4.52%
Call Rates 8.02% 8.08% -0.74%
Inflation NA NA NA
On the liquidity front, RBI will continue to manage liquidity within the comfort range (+/-1% of NDTL). In case, the liquidity pressure builds
up, it will respond with easing measures like OMOs.
In its quarterly monetary policy review, RBI left the repo rate and CRR unchanged while reducing the SLR by 1%. It cut the FY13 growth
forecast to 6.5% from 7.3% earlier and raised inflation projections for March 2013 to 7% from 6.5%. RBI’s tone was hawkish and
highlighted that real interest rates are low and growth moderation is owing to factors beyond monetary policy.
The 10 yr G-Sec yield is expected at 8.20% levels. Corporate bonds will track G-Sec with a spread of 90 basis points and we expect to
see new supply hit the market in the near future.
Debt Market Outlook
The global economy has continued to slow. The ongoing downswing in cyclical momentum is becoming more concerning as the slow path
of many economies gets even slower. The room for further fiscal support is limited. The severity of the crisis in the euro-zone is perhaps
best measured by the yield on Spanish ten year governments bonds which shot up to 7.25%
The Bond markets in India, however, seem to be driven more by the stressed domestic outlook rather than global issues.
Jun-12 inflation at 7.3% was somewhat lower than expectations. Barring food inflation which remained high solely on account of soaring
vegetable prices, inflation moderated for all other groups. While the declining trend in inflation is positive, this relief may be short-lived and
risks are emerging. The biggest risk to inflation comes from a weak Monsoon, which remains significantly below normal with a deficiency
of 22% on an all-India basis. The distribution in rainfall is also poor with 59% of the country receiving below normal rainfall. These are
already reflecting in the decline in area under cultivation.The task of dealing with inflation has turned into a more complicated problem with
multiple but related macro imbalances, which is affecting the rupee as well.
25
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10 Yr G-Sec yield 5 year AAA Corporate Bond Spread
bps
perc
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)
Learning Curve
Maturity of the Portfolio
While evaluating a bond or a debt portfolio, an important measure to consider is its duration. The measures that
contribute towards duration are coupon rate that determines the size of the periodic cash flow, interest rates
that determines the present value and maturity that weighs each cash flow. Maturity is directly proportionate to
duration where, as maturity increases, duration increases and the bond’s price becomes more sensitive to
interest rate changes.
Average maturity informs us if the strategy followed by the debt fund is long-term or short-term. At the same
time, it also informs us whether the debt fund is in line with its investment objective or not.
The average maturity of a bond determines its volatility. As long-term securities are more prone to interest rate
fluctuations, while investing, one should compare the average maturity of the debt funds as this will give an idea
about the interest rate sensitivity of the funds. For example, if a fund owns three bonds of 2-year (Rs 50,000), 3-
year (Rs 80,000) and 5-year (Rs 40,000) maturities, its weighted average maturity would be 3.18 years.
Funds with several long-term maturity papers in its portfolio are more sensitive to interest rate fluctuations. As
shown in the below table BSLI Assure fund with lower average maturity has less volatility in the returns
measured by its lower standard deviation when compared to BSLI Income Advantage fund.
Fund Asset
allocation Objective
Average
Maturity
Standard
Deviation
Assure Fund 100% Debt Invests in high quality
short term horizon 0.87 0.49%
Income Advantage
Fund 100% Debt
Invests in high quality
medium term horizon 5.43 1.72%
*Data as on 30th June 2012
A gilt fund which invests in the government securities usually has higher maturity as well as high volatile fund
returns. On the other hand, a Liquid fund which invests in short term securities has shortest average maturity &
least volatile returns. For example BSLI Group Gilt fund has a maturity of 9.66 years where as BSLI Group
Money Market Fund has an average maturity of 0.60 years.
However, since higher risk also means higher returns over a long-term, gilt funds are capable of delivering
higher returns than liquid funds. Thus, aggressive investors, who are capable of tolerating volatility, will find gilt
funds attractive. Cash funds are suited to those who put stability ahead of returns.
In a nutshell, longer the average maturity, higher the risk associated with a bond fund and, consequently, higher
the volatility in expected returns.
Arpita Nanoti
Head – Investment Communication & Advisory
INDIVIDUAL
Inception Date
Fund Return BM Fund Return BM Fund Return BM Fund Return BM
Last 1 year 9.38% 7.63% 10.11% 7.54% 7.52% 6.36% 6.34% 5.16%
Last 2 years 8.18% 6.38% 8.23% 5.84% 6.06% 5.06% 5.17% 4.26%
Last 3 years 7.91% 5.34% 8.06% 5.03% 6.34% 4.91% 6.63% 4.76%
Last 4 years 10.52% 6.54% - - 9.48% 6.40% 10.33% 6.41%
Last 5 years 10.55% - - - 8.33% 5.19% 8.89% 5.11%
Since Inception 9.32% 12.01% 8.27% 10.18%
Asset Held (Rs. In
Crores) 127 314 403 269
INDIVIDUAL
Inception Date
Fund Return BM Fund Return BM Fund Return BM Fund Return BM
Last 1 year 6.14% 4.29% 4.74% 3.68% 1.74% 1.19% -5.05% -4.08%
Last 2 years 5.25% 3.59% 3.79% 3.18% 2.03% 1.47% -2.69% -2.10%
Last 3 years 6.43% 4.41% 5.82% 4.32% 6.11% 3.88% 4.42% 2.62%
Last 4 years 11.27% 6.18% 9.30% 5.58% 12.41% 5.77% 6.05% 4.19%
Last 5 years 9.76% - 7.33% 4.34% 10.67% 4.46% 3.56% -
Since Inception 9.72% - 11.81% - 12.47% - 12.74% -
Asset Held (Rs. In
Crores) 32 6433 298 1056
INDIVIDUAL
Inception Date
Fund Return BM Fund Return BM Fund Return BM
Last 1 year -8.62% -5.40% -5.41% -10.03% -0.91% -5.23%
Last 2 years -5.56% -3.14% -4.93% -7.48% 0.90% -2.16%
Last 3 years 1.50% 2.23% 6.97% 4.94% 5.95% 2.17%
Last 4 years 6.87% 3.75% 12.11% 5.29% - -
Last 5 years 3.91% 1.74% - - - -
Since Inception 5.37% 3.47% 2.51% -1.25% 8.91% 5.44%
Asset Held (Rs. In
Crores) 2334 415 183
Fund Name
Assure -
Income Advantage -
Protector BSE 100
Builder BSE 100
Balancer BSE 100
Enhancer BSE 100
Creator BSE 100
Magnifier BSE 100
Maximiser BSE 100
Multiplier CNX Midcap
Super 20 Sensex
Crisil Liquid Fund Index ULIF01101/06/07BSLIINMAXI109
Crisil Liquid Fund Index ULIF01217/10/07BSLINMULTI109
Crisil Liquid Fund Index ULIF01723/06/09BSLSUPER20109
Crisil Composite Bond Index ULIF00213/03/01BSLENHANCE109
Crisil Composite Bond Index ULIF00704/02/04BSLCREATOR109
Crisil Liquid Fund Index ULIF00826/06/04BSLIIMAGNI109
Crisil Composite Bond Index ULIF00313/03/01BSLPROTECT109
Crisil Composite Bond Index ULIF00113/03/01BSLBUILDER109
Crisil Composite Bond Index ULIF00931/05/05BSLBALANCE109
Crisil Short Term Bond Index ULIF01008/07/05BSLIASSURE109
Crisil Composite Bond Index ULIF01507/08/08BSLIINCADV109
Benchmark Composition SFIN
18-Jul-05 22-Mar-01 23-Feb-04 12-Aug-04
Maximiser Multipler Super 20
12-Jun-07 30-Oct-07 6-Jul-09
12-Sep-05 22-Aug-08 22-Mar-01 22-Mar-01
Balancer Enhancer Creator Magnifier
FUND PERFORMANCE AS ON 31st July 2012
Assure Income Advantage Protector Builder
Disclaimer:
This document is issued by BSLI. While all reasonable care has been taken in preparing this document, no responsibility or l iability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indic ative of future performance. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Birla Sun Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to ma ke your own independent judgment with respect to any matter contained herein.
INDIVIDUAL
Inception Date
Fund Return BM Fund Return BM Fund Return BM Fund Return BM
Last 1 year -5.00% - -5.86% - -5.76% - -6.35% -
Last 2 years -0.94% - -0.60% - -0.88% - -0.41% -
Last 3 years 3.90% - 4.29% - 3.66% - - -
Last 4 years 4.85% - - - - - - -
Since Inception 2.48% - 12.39% - 5.88% - 2.49% -
Asset Held (Rs. In Crores) 402 687 813 586
INDIVIDUAL
Inception Date
Fund Return BM Fund Return BM Fund Return BM Fund Return BM
Last 1 year -6.09% - -2.95% - -3.70% - -2.86% -
Last 2 years -1.26% - - - - - - -
Since Inception 2.22% - -5.31% - -2.36% - -1.96% -
Asset Held (Rs. In Crores) 706 444 497 58
INDIVIDUAL
Inception Date
Fund Return BM Fund Return BM Fund Return BM
Last 1 year -3.60% - -2.79% - -0.32% -
Last 2 years 0.90% - 1.15% - -1.11% -
Since Inception 2.79% - 2.27% - -0.76% -
Asset Held (Rs. In Crores) 54 23 6
PENSION
Inception Date
Fund Return BM Fund Return BM Fund Return BM
Last 1 year 7.24% 6.36% 5.92% 5.16% 3.92% 3.06%
Last 2 years 5.81% 5.06% 5.01% 4.26% 3.54% 2.76%
Last 3 years 6.07% 4.91% 6.34% 4.76% 6.25% 4.22%
Last 4 years 9.99% 6.40% 11.80% 6.41% 11.28% 6.09%
Last 5 years 8.75% 5.19% 10.15% 5.11% 9.38% 4.74%
Since Inception 7.99% - 10.16% - 11.83% -
Asset Held (Rs. In Crores) 14 37 166
Fund Name
Platinum Plus I -
Platinum Plus II -
Platinum Plus III -
Platinum Plus IV -
Platinum Premier -
Platinum Advantage -
Titanium I -
Titanium II -
Titanium III -
Pension Nourish BSE 100
Pension Growth BSE 100
Pension Enrich BSE 100
Crisil Composite Bond Index ULIF00504/03/03BSLIGROWTH109
Crisil Composite Bond Index ULIF00404/03/03BSLIENRICH109
- ULIF02011/12/09BSLITITAN2109
- ULIF02111/12/09BSLITITAN3109
Crisil Composite Bond Index ULIF00604/03/03BSLNOURISH109
- ULIF02203/02/10BSLPLATPR1109
- ULIF02408/09/10BSLPLATADV109
- ULIF01911/12/09BSLITITAN1109
- ULIF01425/02/08BSLIIPLAT2109
- ULIF01628/04/09BSLIIPLAT3109
- ULIF01816/09/09BSLIIPLAT4109
Benchmark Composition SFIN
- ULIF01325/02/08BSLIIPLAT1109
Nourish Growth Enrich
12-Mar-03 18-Mar-03 12-Mar-03
Titanium I Titanium II Titanium III
16-Dec-09 16-Mar-10 16-Jun-10
17-Mar-08 8-Sep-08 15-May-09 15-Sep-09
15-Feb-10 20-Sep-10 22-Feb-11 22-Feb-11
Platinum Premier Platinum Advantage Foresight 5 Pay Foresight Single Pay
FUND PERFORMANCE AS ON 31st July 2012
Platinum Plus I Platinum Plus II Platinum Plus III Platinum Plus IV
Disclaimer:
This document is issued by BSLI. While all reasonable care has been taken in preparing this document, no responsibility or l iability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Birla Sun Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any matter conta ined herein.
SECURITIES HOLDING
GOVERNMENT SECURITIES 0.00%
CORPORATE DEBT 61.17%
9.8% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20125.91%
10.4% I C I C I SECURITIES PRIMARY DEALERSHIP LTD. 2013 3.18%
9.9% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2014 3.18%
9.8% POWER FINANCE CORPN. LTD. 2012 2.99%
OTHER CORPORATE DEBT 21.22%
SECURITISED DEBT 0.00%
MMI 38.83%
Maturity Profile
Rating Profile
Assure Fund ULIF01008/07/05BSLIASSURE109
Portfolio as on 31st July 2012
Asset Allocation
About the FundObjective: To provide Capital Protection, at a high level of safety andliquidity through judicious investments in high quality short-term debt.
Strategy: Generate better return with low level of risk throughinvestment into fixed interest securities having short-termmaturity profile.
87.73%
10.60%1.67%
Less than 2 years 2 to 7years 7years & above
MMI38.83%
NCD61.17%
AA4.46%
AA+4.54%
P1+/A1+15.12%
AAA75.88%
SECURITIES HOLDING
GOVERNMENT SECURITIES 30.76%
7.8% GOVERNMENT OF INDIA 2021 4.58%
8.2% GOVERNMENT OF INDIA 2022 4.55%
8.79% GOVERNMENT OF INDIA 2021 4.06%
9.15% GOVERNMENT OF INDIA 2024 3.36%
8.08% GOVERNMENT OF INDIA 2022 2.52%
7.99% GOVERNMENT OF INDIA 2017 2.37%
8.28% GOVERNMENT OF INDIA 2032 2.01%
6.05% GOVERNMENT OF INDIA 2019 1.96%
8.15% GOVERNMENT OF INDIA 2022 1.42%
7.8% GOVERNMENT OF INDIA 2020 1.23%
OTHER GOVERNMENT SECURITIES 2.70%
CORPORATE DEBT 38.68%
9.75% TATA MOTORS LTD. 2020 2.64%
9.75% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2016 2.19%
9.6% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2016 1.80%
9.65% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2016 1.70%
10.25% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2017 1.64%
9.62% POWER FINANCE CORPN. LTD. 2016 1.60%
9.4% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20161.59%
Income Advantage Fund ULIF01507/08/08BSLIINCADV109
Portfolio as on 31st July 2012
Rating Profile
Maturity Profile
About the FundObjective: To provide capital preservation and regular income, at a highlevel of safety over a medium term horizon by investing in high quality debtinstruments
Strategy: To actively manage the fund by building a portfolio of fixedincome instruments with medium term duration. The fund will invest ingovernment securities, high rated corporate bonds, high quality moneymarket instruments and other fixed income securities. The quality of theassets purchased would aim to minimize the credit risk and liquidity risk ofthe portfolio. The fund will maintain reasonable level of liquidity.
About the FundObjective: To generate persistent return through active management of fixed incomeportfolio and focus on creating long-term equity portfolio, which will enhance yield ofcomposite portfolio with minimum risk appetite.
Strategy: To invest in fixed income securities with marginal exposure to equity up to 10%at low level of risk. This fund is suitable for those who want to protect their capital andearn steady return on investment through higher exposure to debt securities.
About the FundObjective: To build your capital and generate better returns at moderate level of risk, overa medium or long-term period through a balance of investment in equity and debt.
Strategy: Generate better return with moderate level of risk through active management offixed income portfolio and focus on creating long term equity portfolio which will enhanceyield of composite portfolio with low level of risk appetite.
10.05% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20143.15%
9.4% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20163.12%
7.05% CANARA BANK 2014 3.00%
9.47% POWER GRID CORPN. OF INDIA LTD. 2022 2.36%
11.45% RELIANCE INDUSTRIES LTD. 2013 1.60%
11.4% POWER FINANCE CORPN. LTD. 2013 1.59%
11.3% A C C LTD. 2013 1.59%
9.35% POWER GRID CORPN. OF INDIA LTD. 2021 1.56%
OTHER CORPORATE DEBT 9.13%
EQUITY 24.36%
I C I C I BANK LTD. 1.60%
INFOSYS LTD. 1.34%
RELIANCE INDUSTRIES LTD. 1.28%
STATE BANK OF INDIA 1.07%
H D F C BANK LTD. 1.06%
LARSEN AND TOUBRO LTD. 1.04%
I T C LTD. 0.99%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 0.78%
BHARTI AIRTEL LTD. 0.70%
HINDUSTAN UNILEVER LTD. 0.69%
OTHER EQUITY 13.81%
MMI 14.66%
Balancer Fund ULIF00931/05/05BSLBALANCE109
Portfolio as on 31st July 2012
Asset Allocation
Maturity Profile
Rating Profile
Sectoral Allocation
About the FundObjective: To achieve value creation of the policyholder at an average risk level overmedium to long-term period.
Strategy: To invest predominantly in debt securities with an additional exposure toequity, maintaining medium term duration profile of the portfolio.
0.97%
2.31%
2.88%
3.30%
4.56%
5.84%
6.13%
6.40%
6.97%
7.61%
9.66%
9.81%
11.03%
22.54%
OTHERS
DIVERSIFIED
TELECOMMUNICATION
AUTO ANCILLIARY
POWER GENERATION AND SUPPLY
AUTOMOBILE
METAL
PHARMACEUTICALS
FINANCIAL SERVICES
CAPITAL GOODS
SOFTWARE / IT
OIL AND GAS
FMCG
BANKING
35.63%37.69%
26.69%
Less than 2 years 2 to 7years 7years & above
P1+/A1+12.66%
Sovereign32.07%
AAA55.27%
MMI14.66%
G-Secs22.39%
Equities24.36%
NCD38.59%
SECURITIES HOLDING
GOVERNMENT SECURITIES 19.84%
6.9% GOVERNMENT OF INDIA 2019 3.24%
6.35% GOVERNMENT OF INDIA 2020 2.24%
7.8% GOVERNMENT OF INDIA 2021 1.44%
8.2% GOVERNMENT OF INDIA 2022 1.19%
7.95% GOVERNMENT OF INDIA 2032 1.15%
8.79% GOVERNMENT OF INDIA 2021 1.06%
7.8% GOVERNMENT OF INDIA 2020 1.02%
8.26% GOVERNMENT OF INDIA 2027 0.92%
8.08% GOVERNMENT OF INDIA 2022 0.78%
7.94% GOVERNMENT OF INDIA 2021 0.74%
OTHER GOVERNMENT SECURITIES 6.07%
CORPORATE DEBT 39.64%
10.75% RELIANCE INDUSTRIES LTD. 2018 0.90%
10.2% TATA STEEL LTD. 2015 0.78%
9.05% STATE BANK OF INDIA 2020 0.72%
10.25% TECH MAHINDRA LTD. 2014 0.61%
9.25% DR. REDDYS LABORATORIES LTD. 2014 0.55%
9.8% L I C HOUSING FINANCE LTD. 2017 0.51%
2% INDIAN HOTELS CO. LTD. 2014 0.50%
8.55% INDIAN RAILWAY FINANCE CORPN. LTD. 2019 0.48%
9.1% STATE BANK OF MYSORE 2019 0.46%
9.61% POWER FINANCE CORPN. LTD. 2021 0.45%
OTHER CORPORATE DEBT 33.67%
SECURITISED DEBT 0.40%
India Structured Asset Trust-Series XII Class A11 PTC (MD 15/04/2015)0.40%
EQUITY 26.69%
I C I C I BANK LTD. 1.98%
I T C LTD. 1.96%
RELIANCE INDUSTRIES LTD. 1.85%
INFOSYS LTD. 1.51%
H D F C BANK LTD. 1.28%
STATE BANK OF INDIA 1.17%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 1.13%
LARSEN AND TOUBRO LTD. 1.08%
OIL AND NATURAL GAS CORPN. LTD. 0.85%
BHARTI AIRTEL LTD. 0.80%
OTHER EQUITY 13.07%
MMI 13.43%
Rating Profile
Sectoral Allocation
Maturity Profile
Enhancer Fund ULIF00213/03/01BSLENHANCE109
Portfolio as on 31st July 2012
Asset Allocation
About the FundObjective: To grow your capital through enhanced returns over a medium to long term periodthrough investments in equity and debt instruments, thereby providing a good balance between riskand return.
Strategy: To earn capital appreciation by maintaining diversified equity portfolio and seek to earnregular return on fixed income portfolio by active management resulting in wealth creation forpolicyholders.
1.14%
1.31%
1.43%
1.47%
3.00%
4.05%
4.26%
5.65%
5.66%
5.67%
7.62%
11.45%
11.94%
13.14%
22.20%
CEMENT
OTHERS
AUTO ANCILLIARY
DIVERSIFIED
TELECOMMUNICATION
CAPITAL GOODS
POWER GENERATION AND SUPPLY
PHARMACEUTICALS
AUTOMOBILE
METAL
FINANCIAL SERVICES
SOFTWARE / IT
OIL AND GAS
FMCG
BANKING
36.40%
31.40%32.20%
Less than 2 years 2 to 7years 7years & above
SECURITISED DEBT0.40%
MMI13.43%
GOVERNMENT SECURITIES
19.84%
EQUITY26.69%
CORPORATE DEBT
39.64%
Sovereign29.85%
AA2.38%
AA-3.50%
AA+7.19%
P1+/A1+10.50%
AAA46.58%
SECURITIES HOLDING
GOVERNMENT SECURITIES 15.50%
7.59% GOVERNMENT OF INDIA 2016 2.23%
7.8% GOVERNMENT OF INDIA 2021 2.11%
8.15% GOVERNMENT OF INDIA 2022 1.67%
8.28% GOVERNMENT OF INDIA 2027 1.65%
8.24% GOVERNMENT OF INDIA 2027 1.36%
7.99% GOVERNMENT OF INDIA 2017 1.11%
5.64% GOVERNMENT OF INDIA 2019 0.89%
8.83% GOVERNMENT OF INDIA 2041 0.85%
8.32% GOVERNMENT OF INDIA 2032 0.65%
7.46% GOVERNMENT OF INDIA 2017 0.65%
OTHER GOVERNMENT SECURITIES 2.32%
CORPORATE DEBT 27.32%
8.6% POWER FINANCE CORPN. LTD. 2014 3.65%
10.1% POWER GRID CORPN. OF INDIA LTD. 2013 1.69%
11.45% RELIANCE INDUSTRIES LTD. 2013 1.69%
9.47% POWER GRID CORPN. OF INDIA LTD. 2013 1.68%
9.5% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20121.68%
9.18% POWER FINANCE CORPN. LTD. 2021 1.67%
8.45% INDIAN RAILWAY FINANCE CORPN. LTD. 2018 1.63%
8.9% STEEL AUTHORITY OF INDIA LTD. 2019 1.48%
11.4% POWER FINANCE CORPN. LTD. 2013 1.20%
8.75% INDIAN RAILWAY FINANCE CORPN. LTD. 2013 1.17%
OTHER CORPORATE DEBT 9.79%
EQUITY 44.25%
I C I C I BANK LTD. 3.20%
RELIANCE INDUSTRIES LTD. 2.98%
I T C LTD. 2.57%
INFOSYS LTD. 2.49%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2.29%
H D F C BANK LTD. 1.78%
BHARTI AIRTEL LTD. 1.78%
LARSEN AND TOUBRO LTD. 1.75%
STATE BANK OF INDIA 1.41%
OIL AND NATURAL GAS CORPN. LTD. 1.38%
OTHER EQUITY 22.62%
MMI 12.93%Sectoral Allocation
Maturity Profile
Asset Allocation
Rating Profile
Creator Fund ULIF00704/02/04BSLCREATOR109
Portfolio as on 31st July 2012About the FundObjective: To achieve optimum balance between growth and stability to provide long-term capitalappreciation with balanced level of risk by investing in fixed income securities and high quality equitysecurity.
Strategy: To ensure capital appreciation by simultaneously investing into fixed income securitiesand maintaining diversified equity portfolio. Active fund management is carried out to enhancepolicyholder’s wealth in long run.
0.79%
1.05%
1.18%
1.44%
1.95%
3.94%
4.02%
4.41%
5.85%
5.99%
6.02%
9.46%
10.14%
11.45%
11.46%
20.85%
OTHERS
FERTILISERS
CEMENT
AUTO ANCILLIARY
DIVERSIFIED
AUTOMOBILE
TELECOMMUNICATION
POWER GENERATION AND SUPPLY
PHARMACEUTICALS
CAPITAL GOODS
METAL
FINANCIAL SERVICES
SOFTWARE / IT
FMCG
OIL AND GAS
BANKING
45.74%
29.24%25.02%
Less than 2 years 2 to 7years 7years & above
AA2.27%
AA+2.29%
P1+/A1+3.67%
AA-4.97%
Sovereign34.87%
AAA51.93%
MMI12.93% G-Secs
15.50%
NCD27.32%
Equities44.25%
Jul-04
Nov-0
4
Mar-
05
Jul-05
Nov-0
5
Mar-
06
Jul-06
Nov-0
6
Mar-
07
Jul-07
Nov-0
7
Mar-
08
Jul-08
Nov-0
8
Mar-
09
Jul-09
Nov-0
9
Mar-
10
Jul-10
Nov-1
0
Mar-
11
Jul-11
Nov-1
1
Mar-
12
Jul-12
Creator BM
SECURITIES HOLDING
GOVERNMENT SECURITIES 0.00%
CORPORATE DEBT 3.15%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2013 0.53%
10.48% ULTRATECH CEMENT LTD. 2013 0.52%
9.8% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20120.47%
8.2% ASHOK LEYLAND LTD. 2014 0.28%
10.3% I D B I BANK LTD. 2012 0.24%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2013 0.21%
10.4% I C I C I SECURITIES PRIMARY DEALERSHIP LTD. 2013 0.19%
9.45% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 20130.19%
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LTD. 20120.15%
6.29% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 20130.14%
OTHER CORPORATE DEBT 0.23%
EQUITY 83.63%
I C I C I BANK LTD. 6.00%
I T C LTD. 5.95%
RELIANCE INDUSTRIES LTD. 5.59%
INFOSYS LTD. 4.59%
H D F C BANK LTD. 3.75%
STATE BANK OF INDIA 3.56%
LARSEN AND TOUBRO LTD. 3.53%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 3.41%
OIL AND NATURAL GAS CORPN. LTD. 2.55%
BHARTI AIRTEL LTD. 2.41%
OTHER EQUITY 42.28%
MMI 13.23%
Asset Allocation
Magnifier Fund ULIF00826/06/04BSLIIMAGNI109
Portfolio as on 31st July 2012
Maturity Profile
Rating Profile
Sectoral Allocation
About the FundObjective: To maximize wealth by actively managing a diversified equity portfolio.
Strategy: To invest in high quality equity security to provide long-term capital appreciation withhigh level of risk. This fund is suitable for those who want to have wealth maximization over long-term period with equity market dynamics.
1.07%
1.35%
1.75%
2.09%
2.89%
4.28%
5.27%
5.34%
5.50%
5.78%
7.37%
10.47%
11.47%
13.80%
21.57%
CEMENT
AUTO ANCILLIARY
DIVERSIFIED
OTHERS
TELECOMMUNICATION
POWER GENERATION AND SUPPLY
AUTOMOBILE
PHARMACEUTICALS
METAL
CAPITAL GOODS
FINANCIAL SERVICES
SOFTWARE / IT
OIL AND GAS
FMCG
BANKING
NCD3.15%
MMI13.23%
Equities83.63%
AA-22.71%
AA+31.55%
Sovereign45.74%
AA-2.55%
AA+3.55%
Sovereign5.14%
AAA23.00%
P1+/A1+65.77%
100.00%
Less than 2 years
SECURITIES HOLDING
GOVERNMENT SECURITIES 0.00%
CORPORATE DEBT 0.00%
EQUITY 98.44%
I C I C I BANK LTD. 7.08%
RELIANCE INDUSTRIES LTD. 6.61%
I T C LTD. 6.38%
INFOSYS LTD. 5.22%
LARSEN AND TOUBRO LTD. 4.51%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.49%
H D F C BANK LTD. 4.08%
STATE BANK OF INDIA 3.88%
BHARTI AIRTEL LTD. 2.65%
OIL AND NATURAL GAS CORPN. LTD. 2.52%
OTHER EQUITY 51.00%
MMI 1.56%
Rating Profile
Maturity Profile
Maximiser Fund ULIF01101/06/07BSLIINMAXI109
Portfolio as on 31st July 2012
Asset Allocation
Sectoral Allocation
About the FundObjective: To Provide long-term capital appreciation by actively managing a welldiversified equity portfolio of fundamentally strong blue chip companies and provide acushion against the volatility in the equities through investment in money marketinstruments.
Strategy: Active Fund Management with potentially 100% equity exposure. MaintainingHigh Quality Diversified Portfolio with Dynamic blend of Growth and Value Stocks- sothat portfolio doesnot suffer from style bias. Focus on large-caps and quality mid-caps toensure liquidity and reduce risk.
1.68%
1.79%
1.97%
2.32%
2.69%
2.78%
4.79%
5.39%
6.76%
6.97%
9.39%
9.57%
11.03%
12.00%
20.86%
AUTO ANCILLIARY
CEMENT
DIVERSIFIED
OTHERS
TELECOMMUNICATION
POWER GENERATION AND SUPPLY
AUTOMOBILE
PHARMACEUTICALS
CAPITAL GOODS
METAL
FINANCIAL SERVICES
SOFTWARE / IT
OIL AND GAS
FMCG
BANKING
MMI1.56%
Equities98.44%
P1+/A1+49.53%
Sovereign50.47%
100.00%
Less than 2 years
SECURITIES HOLDING
GOVERNMENT SECURITIES 0.00%
CORPORATE DEBT 0.00%
EQUITY 93.00%
RELIANCE INDUSTRIES LTD. 9.67%
I C I C I BANK LTD. 8.67%
I T C LTD. 8.53%
INFOSYS LTD. 7.42%
H D F C BANK LTD. 5.43%
LARSEN AND TOUBRO LTD. 4.89%
STATE BANK OF INDIA 4.88%
TATA CONSULTANCY SERVICES LTD. 4.53%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.16%
HINDUSTAN UNILEVER LTD. 4.10%
OTHER EQUITY 30.72%
MMI 7.00%
Super 20 Fund ULIF01723/06/09BSLSUPER20109
Portfolio as on 31st July 2012
Ratings Profile
Maturity Profile
Sectoral Allocation
Asset Allocation
About the FundObjective: To generate long-term capital appreciation for policyholders by making investments in fundamentally strong and liquid large cap companies.Strategy: To build and manage a concentrated equity portfolio of 20 fundamentally strong large cap stocks in terms of market capitalization by following an in-depth research-focused investment approach. The fund will attempt diversify across sectors and will invest in companies having financial strength, robust, efficient & visionary management & adequate market liquidity. It will adopt a disciplined and flexible approach towards investing with a focus on generating long-term capital appreciation. The non-equity portion of the fund will be invested in highly rated money market instruments and fixed deposits.
MMI7.00%
Equities93.00%
2.58%
3.00%
3.00%
3.04%
3.15%
3.80%
5.26%
10.90%
12.85%
13.58%
14.19%
24.65%
METAL
AUTOMOBILE
TELECOMMUNICATION
PHARMACEUTICALS
POWER GENERATION AND SUPPLY
DIVERSIFIED
CAPITAL GOODS
FINANCIAL SERVICES
SOFTWARE / IT
FMCG
OIL AND GAS
BANKING
100.00%
1
Less than 2 years
Sovereign100.00%
Sep-0
9
Nov-0
9
Jan-1
0
Mar-
10
May-1
0
Jul-10
Sep-1
0
Nov-1
0
Jan-1
1
Mar-
11
May-1
1
Jul-11
Sep-1
1
Nov-1
1
Jan-1
2
Mar-
12
May-1
2
Jul-12
Super 20 BM
SECURITIES HOLDING
GOVERNMENT SECURITIES 0.00%
CORPORATE DEBT 0.00%
Asset AllocationEQUITY 81.59%
GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. 4.53%
DIVIS LABORATORIES LTD. 2.94%
HEXAWARE TECHNOLOGIES LTD. 2.56%
HINDUSTAN PETROLEUM CORPN. LTD. 2.45%
APOLLO TYRES LTD. 2.29%
EXIDE INDUSTRIES LTD. 2.24%
CANARA BANK 2.24%
POWER FINANCE CORPN. LTD. 2.17%
ELECON ENGINEERING CO. LTD. 2.13%
COLGATE-PALMOLIVE (INDIA) LTD. 2.13%
OTHER EQUITY 55.91%
MMI 18.41%
Multiplier Fund ULIF01217/10/07BSLINMULTI109
Portfolio as on 31st July 2012
Asset Allocation
Sectoral Allocation
Rating Profile
Maturity Profile
About the FundObjective: To provide long-term wealth maximisation by actively managing a well-diversified equityportfolio, predominantly comprising of companies whose market capitalization is between Rs. 10 billionto Rs.250 billion. Further, the fund would also seek to provide a cushion against the sudden volatility inthe equities through some investments in short-term money market instruments
Strategy: Active Fund Management with potentially 100% equity Exposure Research based investmentapproach with a dedicated & experienced in-house research team. Identify undervalued Stocks in thegrowth phase. Focus on niche players with competitive advantage, in the sunrise industry & potential ofbeing tomorrow’s large cap. Emphasis on early identification of stocks.
MMI18.41%
Equities81.59%
1.10%
1.13%
1.52%
1.54%
1.63%
1.85%
2.14%
2.35%
2.42%
2.59%
3.93%
5.59%
5.95%
7.76%
9.97%
11.08%
11.60%
12.01%
13.84%
AUTOMOBILE
CONSTRUCTION
CEMENT
OTHERS
SUGAR
TELECOMMUNICATION
DIVERSIFIED
HOTELS
POWER GENERATION AND SUPPLY
FERTILISERS
FINANCIAL SERVICES
SOFTWARE / IT
METAL
AUTO ANCILLIARY
CAPITAL GOODS
OIL AND GAS
PHARMACEUTICALS
BANKING
FMCG
Sovereign43.29%
P1+/A1+56.71%
100.00%
1
Less than 2 years
Jan-0
8
Apr-
08
Jul-08
Oct-
08
Jan-0
9
Apr-
09
Jul-09
Oct-
09
Jan-1
0
Apr-
10
Jul-10
Oct-
10
Jan-1
1
Apr-
11
Jul-11
Oct-
11
Jan-1
2
Apr-
12
Jul-12
Multiplier BM
SECURITIES HOLDING
GOVERNMENT SECURITIES 11.69%
7.83% GOVERNMENT OF INDIA 2018 5.00%
5.69% GOVERNMENT OF INDIA 2018 3.28%
8.24% GOVERNMENT OF INDIA 2018 2.98%
7.46% GOVERNMENT OF INDIA 2017 0.42%
CORPORATE DEBT 21.98%
NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20174.60%
10.6% INDIAN RAILWAY FINANCE CORPN. LTD. 2018 2.65%
9.25% POWER GRID CORPN. OF INDIA LTD. 2017 2.47%
9.64% POWER GRID CORPN. OF INDIA LTD. 2018 1.26%
9.35% POWER GRID CORPN. OF INDIA LTD. 2018 1.24%
9.3% POWER GRID CORPN. OF INDIA LTD. 2018 1.24%
8.84% POWER GRID CORPN. OF INDIA LTD. 2017 1.22%
NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20181.04%
OTHER CORPORATE DEBT 0.36%
EQUITY 57.03%
I C I C I BANK LTD. 4.25%
I T C LTD. 4.15%
RELIANCE INDUSTRIES LTD. 3.95%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 3.58%
INFOSYS LTD. 3.47%
H D F C BANK LTD. 2.91%
BHARTI AIRTEL LTD. 2.67%
LARSEN AND TOUBRO LTD. 2.64%
STATE BANK OF INDIA 2.09%
OIL AND NATURAL GAS CORPN. LTD. 2.06%
OTHER EQUITY 25.25%
MMI 9.30%
Rating Profile
Maturity Profile
Sectoral Allocation
Asset Allocation
Platinum Plus Fund - 1 ULIF01325/02/08BSLIIPLAT1109
Portfolio as on 31st July 2012 About the FundObjective: To optimize the participation in an actively managed welldiversified equity portfolio of fundamentally strong blue chip companieswhile using debt instruments & derivatives to lock-in capital appreciations
Strategy: To have an optimum mix of equities & fixed incomeinstruments, with up to 100% exposure in both equities & fixed incomeassets & up to 40% in Money Market
12.97%
86.43%
0.60%
Less than 2 years 2 to 7years 7years & above
GOVERNMENT SECURITIES
11.69%
MMI9.30%
CORPORATE DEBT
21.98%
EQUITY57.03%
2.61%
2.93%
4.51%
4.64%
4.69%
5.88%
5.96%
9.84%
10.87%
10.98%
13.04%
24.06%
CEMENT
PHARMACEUTICALS
POWER GENERATION AND SUPPLY
CAPITAL GOODS
TELECOMMUNICATION
METAL
AUTOMOBILE
FMCG
SOFTWARE / IT
FINANCIAL SERVICES
OIL AND GAS
BANKING
P1+/A1+9.79%
Sovereign31.31%
AAA58.90%
SECURITIES HOLDING
GOVERNMENT SECURITIES 8.84%
7.83% GOVERNMENT OF INDIA 2018 4.21%
5.69% GOVERNMENT OF INDIA 2018 1.92%
6.05% GOVERNMENT OF INDIA 2019 1.28%
8.24% GOVERNMENT OF INDIA 2018 0.73%
7.46% GOVERNMENT OF INDIA 2017 0.70%
CORPORATE DEBT 20.84%
9.25% POWER GRID CORPN. OF INDIA LTD. 2018 2.90%
9% EXPORT IMPORT BANK OF INDIA 2019 2.89%
11.25% POWER FINANCE CORPN. LTD. 2018 2.37%
9.7% POWER FINANCE CORPN. LTD. 2018 2.29%
9.64% POWER GRID CORPN. OF INDIA LTD. 2019 1.77%
10.6% INDIAN RAILWAY FINANCE CORPN. LTD. 2018 1.55%
9.44% POWER FINANCE CORPN. LTD. 2021 1.46%
8.84% POWER GRID CORPN. OF INDIA LTD. 2018 1.42%
NATIONAL HOUSING BANK 2018 1.39%
9.5% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20120.93%
OTHER CORPORATE DEBT 1.86%
EQUITY 63.54%
I C I C I BANK LTD. 4.78%
I T C LTD. 4.72%
RELIANCE INDUSTRIES LTD. 4.10%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 3.97%
INFOSYS LTD. 3.87%
H D F C BANK LTD. 3.27%
BHARTI AIRTEL LTD. 3.10%
LARSEN AND TOUBRO LTD. 2.97%
OIL AND NATURAL GAS CORPN. LTD. 2.38%
STATE BANK OF INDIA 2.29%
OTHER EQUITY 28.08%
MMI 6.78%
Rating Profile
Sectoral Allocation
Platinum Plus Fund - 2 ULIF01425/02/08BSLIIPLAT2109
Portfolio as on 31st July 2012
Asset Allocation
Maturity Profile
About the FundObjective: To optimize the participation in an actively managed welldiversified equity portfolio of fundamentally strong blue chip companieswhile using debt instruments & derivatives to lock-in capital appreciations:
Strategy: To have an optimum mix of equities & fixed incomeinstruments, with up to 100% exposure in both equities & fixed incomeassets & up to 40% in Money Market
14.37%
81.38%
4.24%
Less than 2 years 2 to 7years 7years & above
2.52%
2.98%
4.48%
4.68%
4.87%
5.67%
5.97%
10.02%
10.88%
11.17%
12.47%
24.29%
CEMENT
PHARMACEUTICALS
POWER GENERATION AND SUPPLY
CAPITAL GOODS
TELECOMMUNICATION
AUTOMOBILE
METAL
FMCG
SOFTWARE / IT
FINANCIAL SERVICES
OIL AND GAS
BANKING
MMI6.78%
Equities63.54%
NCD20.84%
G-Secs8.84%
P1+/A1+5.91%
Sovereign28.03%
AAA66.06%
SECURITIES HOLDING
GOVERNMENT SECURITIES 6.95%
6.9% GOVERNMENT OF INDIA 2019 4.98%
6.05% GOVERNMENT OF INDIA 2019 1.26%
6.05% GOVERNMENT OF INDIA 2019 0.52%
5.64% GOVERNMENT OF INDIA 2019 0.20%
CORPORATE DEBT 13.04%
9% EXPORT IMPORT BANK OF INDIA 2019 3.97%
9.7% POWER FINANCE CORPN. LTD. 2018 1.87%
9.35% POWER GRID CORPN. OF INDIA LTD. 2019 1.23%
9.25% POWER GRID CORPN. OF INDIA LTD. 2019 1.22%
8.84% POWER GRID CORPN. OF INDIA LTD. 2019 1.20%
NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20180.76%
NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20180.37%
OTHER CORPORATE DEBT 0.56%
EQUITY 69.02%
I C I C I BANK LTD. 5.32%
RELIANCE INDUSTRIES LTD. 5.06%
I T C LTD. 4.67%
INFOSYS LTD. 4.33%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 3.40%
H D F C BANK LTD. 3.30%
STATE BANK OF INDIA 3.25%
LARSEN AND TOUBRO LTD. 3.24%
HINDUSTAN UNILEVER LTD. 2.44%
AXIS BANK LTD. 2.31%
OTHER EQUITY 31.71%
MMI 10.99%
Platinum Plus Fund - 3 ULIF01628/04/09BSLIIPLAT3109
Portfolio as on 31st July 2012
Asset Allocation
Rating Profile
Sectoral Allocation
Maturity Profile
About the FundObjective: To optimize the participation in an actively managed welldiversified equity portfolio of fundamentally strong blue chip companieswhile using debt instruments & derivatives to lock-in capital appreciations:
Strategy: To have an optimum mix of equities & fixed incomeinstruments, with up to 100% exposure in both equities & fixed incomeassets & up to 40% in Money Market
Platinum Plus Fund - 4 ULIF01816/09/09BSLIIPLAT4109
Portfolio as on 31st July 2012
Maturity Profile
Sectoral Allocation
About the FundObjective: To optimize the participation in an actively managed welldiversified equity portfolio of fundamentally strong blue chip companieswhile using debt instruments & derivatives to lock-in capital appreciations:
Strategy: To have an optimum mix of equities & fixed incomeinstruments, with up to 100% exposure in both equities & fixed incomeassets & up to 40% in Money Market
Platinum Premier Fund ULIF02203/02/10BSLPLATPR1109
Portfolio as on 31st July 2012
Asset Allocation
Maturity ProfileRating Profile
About the FundObjective: To optimize the participation in an actively managed well diversified equity portfolio of fundamentally strong blue chip companies while using debt instruments & derivatives to lock-in capital appreciations.
Strategy: To dynamically manage the allocation between equities and fixed income instruments, while using derivatives when necessary and for hedging purposes only. The equity investment strategy will revolve around building and actively managing a well-diversified equity portfolio of value & growth driven fundamentally strong blue chip companies by following a research-focused investment approach. On the fixed income side, investments will be made in government securities, high rated corporate bonds and money market instruments.
Platinum Advantage Fund ULIF02408/09/10BSLPLATADV109
Portfolio as on 31st July 2012
Rating Profile
Sectoral Allocation
About the FundObjective: To optimize the participation in an actively managed well-diversified equity portfolio of fundamentally strong blue chip companieswhile using debt instruments and derivatives to lock-in capital appreciations.The use of derivatives will be for hedging purposes only and as approved bythe IRDA.
Strategy: To dynamically manage the allocation between equities and fixedincome instruments, while using derivatives when necessary and for hedgingpurposes only. The equity investment strategy will revolve around buildingand actively managing a well-diversified equity portfolio of value & growthdriven fundamentally strong blue-chip companies by following a research-focused investment approach. On the fixed income side, investments will bemade in government securities, high rated corporate bonds and moneymarket instruments.
64.10%
13.60%22.30%
Less than 2 years 2 to 7years 7years & above
NCD5.62%
MMI10.28%
Equities84.10%
1.19%
2.24%
3.69%
3.93%
4.48%
4.58%
5.25%
5.46%
9.77%
11.22%
11.39%
12.77%
24.02%
DIVERSIFIED
CEMENT
PHARMACEUTICALS
TELECOMMUNICATION
POWER GENERATION AND SUPPLY
CAPITAL GOODS
AUTOMOBILE
METAL
FMCG
SOFTWARE / IT
FINANCIAL SERVICES
OIL AND GAS
BANKING
P1+/A1+25.68%
AAA74.32%
SECURITIES HOLDING
GOVERNMENT SECURITIES 8.76%
7.61% GOVERNMENT OF INDIA 2015 4.54%
7.17% GOVERNMENT OF INDIA 2015 2.88%
6.49% GOVERNMENT OF INDIA 2015 1.34%
CORPORATE DEBT 34.04%
10.05% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20146.51%
9.85% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 20155.59%
9.37% NATIONAL HOUSING BANK 2015 5.15%
8.8% POWER GRID CORPN. OF INDIA LTD. 2014 5.01%
8.95% POWER FINANCE CORPN. LTD. 2015 2.74%
8.6% POWER FINANCE CORPN. LTD. 2014 2.72%
8.64% POWER GRID CORPN. OF INDIA LTD. 2015 2.26%
9.46% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20152.22%
About the FundObjective: To optimize the participation in an actively managed well-diversified equity portfolio of fundamentally strong blue chip companies while using debt instruments and derivatives to ensure capital protection after five years.
Strategy: To dynamically manage the allocation between equities and fixed income instruments, while using derivatives when necessary and for hedging purposes only. The equity investment strategy will revolve around building and actively managing a well-diversified equity portfolio of value & growth driven fundamentally strong blue-chip companies by following a research-focused investment approach. On the fixed income side, investments will be made in government securities, high rated corporate bonds and money market instruments.
16.88%
83.12%
Less than 2 years 2 to 7years
G-Secs8.76%
MMI0.64%
NCD34.04%
Equities56.55%
2.20%
2.32%
2.51%
3.50%
3.67%
4.93%
5.21%
7.86%
9.37%
9.63%
10.58%
12.79%
25.44%
CEMENT
POWER GENERATION AND SUPPLY
DIVERSIFIED
TELECOMMUNICATION
CAPITAL GOODS
PHARMACEUTICALS
METAL
FMCG
FINANCIAL SERVICES
SOFTWARE / IT
AUTOMOBILE
OIL AND GAS
BANKING
Sovereign20.47%
AAA79.53%
SECURITIES HOLDING
GOVERNMENT SECURITIES 9.12%
7.17% GOVERNMENT OF INDIA 2015 4.91%
7.61% GOVERNMENT OF INDIA 2015 2.28%
6.49% GOVERNMENT OF INDIA 2015 1.93%
CORPORATE DEBT 34.01%
9.37% NATIONAL HOUSING BANK 2015 7.85%
8.64% POWER GRID CORPN. OF INDIA LTD. 2015 6.97%
9.85% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 20155.74%
9.46% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20153.50%
Portfolio as on 31st July 2012 About the FundObjective: To optimize the participation in an actively managed well-diversified equity portfolio of fundamentally strong blue chip companies while using debt instruments and derivatives to ensure capital protection after five years.
Strategy: To dynamically manage the allocation between equities and fixed income instruments, while using derivatives when necessary and for hedging purposes only. The equity investment strategy will revolve around building and actively managing a well-diversified equity portfolio of value & growth driven fundamentally strong blue-chip companies by following a research-focused investment approach. On the fixed income side, investments will be made in government securities, high rated corporate bonds and money market instruments.
7.00%
93.00%
Less than 2 years 2 to 7years
G-Secs9.12% MMI
2.58%
NCD34.01%
Equities54.29%
2.30%
2.46%
2.49%
3.33%
3.66%
4.95%
5.32%
8.19%
9.37%
9.65%
10.48%
12.23%
25.57%
CEMENT
POWER GENERATION AND SUPPLY
DIVERSIFIED
TELECOMMUNICATION
CAPITAL GOODS
PHARMACEUTICALS
METAL
FMCG
FINANCIAL SERVICES
SOFTWARE / IT
AUTOMOBILE
OIL AND GAS
BANKING
Sovereign21.14%
AAA78.86%
SECURITIES HOLDING
GOVERNMENT SECURITIES 13.76%
6.49% GOVERNMENT OF INDIA 2015 12.92%
7.17% GOVERNMENT OF INDIA 2015 0.84%
CORPORATE DEBT 38.99%
9.37% NATIONAL HOUSING BANK 2015 6.90%
9.15% EXPORT IMPORT BANK OF INDIA 2015 6.88%
8.64% POWER GRID CORPN. OF INDIA LTD. 2015 6.36%
9.85% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 20155.24%
8.95% POWER FINANCE CORPN. LTD. 2015 5.13%
8.8% STATE BANK OF HYDERABAD 2016 5.09%
9.46% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20151.73%
8.28% L I C HOUSING FINANCE LTD. 2015 1.68%
EQUITY 42.53%
I C I C I BANK LTD. 2.86%
RELIANCE INDUSTRIES LTD. 2.74%
INFOSYS LTD. 2.36%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2.22%
H D F C BANK LTD. 2.09%
STATE BANK OF INDIA 1.97%
I T C LTD. 1.91%
LARSEN AND TOUBRO LTD. 1.53%
HINDUSTAN UNILEVER LTD. 1.51%
BHARTI AIRTEL LTD. 1.42%
OTHER EQUITY 21.93%
MMI 4.72%
Rating ProfileMaturity Profile
Sectoral Allocation
Asset Allocation
Titanium Fund - 3 ULIF02111/12/09BSLITITAN3109
Portfolio as on 31st July 2012 About the FundObjective: To optimize the participation in an actively managed well-diversified equity portfolio of fundamentally strong blue chip companies while using debt instruments and derivatives to ensure capital protection after five years.
Strategy: To dynamically manage the allocation between equities and fixed income instruments, while using derivatives when necessary and for hedging purposes only. The equity investment strategy will revolve around building and actively managing a well-diversified equity portfolio of value & growth driven fundamentally strong blue-chip companies by following a research-focused investment approach. On the fixed income side, investments will be made in government securities, high rated corporate bonds and money market instruments.
8.76%
91.24%
Less than 2 years 2 to 7years
G-Secs13.76%
MMI4.72%
NCD38.99%
Equities42.53%
2.20%
2.44%
2.64%
3.33%
3.61%
4.93%
4.94%
8.03%
9.29%
9.56%
10.86%
12.58%
25.57%
CEMENT
DIVERSIFIED
POWER GENERATION AND SUPPLY
TELECOMMUNICATION
CAPITAL GOODS
PHARMACEUTICALS
METAL
FMCG
FINANCIAL SERVICES
SOFTWARE / IT
AUTOMOBILE
OIL AND GAS
BANKING
Sovereign26.08%
AAA73.92%
SECURITIES HOLDING
GOVERNMENT SECURITIES 0.42%
7.8% GOVERNMENT OF INDIA 2021 0.42%
CORPORATE DEBT 1.73%
9.3% POWER GRID CORPN. OF INDIA LTD. 2021 1.73%
SECURITISED DEBT 0.00%
EQUITY 90.31%
I C I C I BANK LTD. 6.68%
RELIANCE INDUSTRIES LTD. 6.33%
I T C LTD. 6.12%
INFOSYS LTD. 5.85%
H D F C BANK LTD. 5.36%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.61%
STATE BANK OF INDIA 4.03%
LARSEN AND TOUBRO LTD. 4.03%
HINDUSTAN UNILEVER LTD. 3.28%
COAL INDIA LTD 3.11%
OTHER EQUITY 40.92%
MMI 7.54%
FORESIGHT - SINGLE PAY ULIF02610/02/11BSLFSITSP1109
11.95% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2018 2.44%
10.7% INDIAN RAILWAY FINANCE CORPN. LTD. 2023 2.42%
11.45% RELIANCE INDUSTRIES LTD. 2013 2.23%
OTHER CORPORATE DEBT 15.56%
EQUITY 8.89%
I C I C I BANK LTD. 0.64%
RELIANCE INDUSTRIES LTD. 0.56%
I T C LTD. 0.52%
INFOSYS LTD. 0.49%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 0.46%
LARSEN AND TOUBRO LTD. 0.36%
H D F C BANK LTD. 0.35%
BHARTI AIRTEL LTD. 0.33%
STATE BANK OF INDIA 0.28%
OIL AND NATURAL GAS CORPN. LTD. 0.28%
OTHER EQUITY 4.59%
MMI 10.69%
Rating Profile
Asset Allocation
Pension Nourish Fund ULIF00604/03/03BSLNOURISH109
Portfolio as on 31st July 2012
Sectoral Allocation
Maturity Profile
About the FundObjective: To generate persistent return through active management of fixed incomeportfolio and focus on creating long-term equity portfolio, which will enhance yield ofcomposite portfolio with minimum risk appetite.
Strategy: To invest in fixed income securities with marginal exposure to equity up to 10% atlow level of risk. This fund is suitable for those who want to protect their capital and earnsteady return on investment through higher exposure to debt securities.
11.95% HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2018 3.06%
10.05% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20142.76%
9.4% NATIONAL BANK FOR AGRI. AND RURAL DEVELOPMENT 20162.74%
10.75% RELIANCE INDUSTRIES LTD. 2018 2.62%
8.6% POWER FINANCE CORPN. LTD. 2014 2.16%
7.55% NATIONAL HOUSING BANK 2013 2.15%
OTHER CORPORATE DEBT 9.48%
EQUITY 18.30%
I C I C I BANK LTD. 1.31%
RELIANCE INDUSTRIES LTD. 1.18%
I T C LTD. 1.08%
INFOSYS LTD. 1.01%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 0.93%
H D F C BANK LTD. 0.71%
LARSEN AND TOUBRO LTD. 0.70%
BHARTI AIRTEL LTD. 0.66%
STATE BANK OF INDIA 0.57%
OIL AND NATURAL GAS CORPN. LTD. 0.57%
OTHER EQUITY 9.59%
MMI 11.98%
Maturity Profile
Sectoral Allocation
Rating Profile
Asset Allocation
Pension Growth Fund ULIF00504/03/03BSLIGROWTH109
Portfolio as on 31st July 2012 About the FundObjective: To build your capital and generate better returns at moderate level of risk, over amedium or long-term period through a balance of investment in equity and debt.
Strategy: Generate better return with moderate level of risk through active management of fixedincome portfolio and focus on creating long term equity portfolio which will enhance yield ofcomposite portfolio with low level of risk appetite.
8.49% INDIAN RAILWAY FINANCE CORPN. LTD. 2014 1.79%
9.22% POWER FINANCE CORPN. LTD. 2012 1.74%
10.05% MARICO LTD. 2013 1.21%
OTHER CORPORATE DEBT 7.03%
EQUITY 32.05%
I C I C I BANK LTD. 2.30%
RELIANCE INDUSTRIES LTD. 2.09%
I T C LTD. 1.91%
INFOSYS LTD. 1.78%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 1.61%
H D F C BANK LTD. 1.25%
LARSEN AND TOUBRO LTD. 1.24%
BHARTI AIRTEL LTD. 1.15%
STATE BANK OF INDIA 0.99%
OIL AND NATURAL GAS CORPN. LTD. 0.99%
OTHER EQUITY 16.72%
MMI 16.28%
Maturity Profile
Sectoral Allocation
Rating Profile
Asset Allocation
Pension Enrich Fund ULIF00404/03/03BSLIENRICH109
Portfolio as on 31st July 2012 About the FundObjective: To grow your capital through enhanced returns over a medium to long term periodthrough investments in equity and debt instruments, thereby providing a good balance between riskand return.
Strategy: To earn capital appreciation by maintaining diversified equity portfolio and seek to earnregular return on fixed income portfolio by active management resulting in wealth creation forpolicyholders.